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June 2022

Greetings,
You are receiving this newsletter with hopes that you find it informative and entertaining.

If you are thinking of making a move, or just curious about the real estate trend in your area, please feel free to contact us any time. It is our pleasure to help you.

Best regards,
Lyle Longridge

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ANOTHER 50 BASIS POINT RATE HIKE AND BANKOF CANADA SIGNALS MORE TO COME
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Latest update from FVREB confirm Home prices soften as Fraser Valley housing market cools amid lower sales and higher inventory
As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period.
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Latest housing market update from REBGV confirms Spring ushers in calmer housing market trends in Metro Vancouver
After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver this spring due, in large part, to rising interest rates.
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Market Watch - Rising Mortgage Rates Continue to Slow Market Activity
Bank of Canada rate hikes, including the 50-basis point hike on June 1, are impacting home buyers in the short term. There is now a psychological aspect where potential buyers are waiting for a bottom in price.
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What is a Mortgage Pre-Approval?
Securing a mortgage pre-approval is one of the first steps to take before beginning your house hunting process. A pre-approved mortgage is a tentative promise from a lender that it will loan you a certain amount of money for the purchase of the real estate, for a certain term, and at a certain interest rate. The lender will base its decision upon your income, credit score, and assets.
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Window Films Offer Year-Round Benefits and Beauty
Window films can help you solve problems with heat, glare, fading, and privacy without blocking your view. It's a simple, cost-effective way to increase your home's comfort, energy efficiency, and overall appearance. All you need are a few common tools, a helper for large windows, and some free time in the morning or evening to make your home the coolest house on the block.
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Stunning Photography Sells Homes
A picture says a thousand words, and with the right listing pictures, you can attract more people to your property by showing your home’s highlights. Below are tips on how you can take the best quality pictures of your property to showcase it so it stands out from the rest.
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Government Programs for First-Time Home Buyers
Buying a new home is by no means cheap, and moving into large urban areas like the GTA or Vancouver makes that statement all the more true. But the Government of Canada wants people to invest in real estate, and contribute to the economy. To accomplish this, the government has provided many government programs to help first-time home buyers.
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Compliments of
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Lyle Longridge
Associate Broker/Realtor
RE/MAX CREST
lyle@lylelongridge.com
Cell : 604-812-4076

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Know what I want?

More great clients like you! Your referrals are always appreciated.

Lyle Longridge
Realtor/Associate Broker
Longridge Real Estate @ RE/MAX CREST
#1-5050 Kingsway
Burnaby, BC, V5H 4C2

Email us: lyle@lylelongridge.com
Call us : 604-812-4076

 

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